HomeMy WebLinkAbout2020-490-06.29.2020Prepared by LeAnn M. Even, Deputy City Clerk, City of Waterloo, 715 Mulberry Street,
Waterloo, IA 50703, (319) 291-4323.
RESOLUTION NO. 2020-490
RESOLUTION SETTING DATE OF PUBLIC HEARING AS
JULY 13, 2020, TO AUTHORIZE THE SALE AND
CONVEYANCE OF PROPERTY GENERALLY DESCRIBED
AS 1809 BLACK HAWK STREET, TO 5BEES, LLC, IN THE
AMOUNT OF $1.00, INCLUDING A DEVELOPMENT
AGREEMENT WITH GRANT FUNDS OF $120,000, MINIMUM
ASSESSMENT AGREEMENT FOR MULTIPLE PHASES
TOTALING $800,000, FOR THE DEVELOPMENT OF A
3,000 SQ. FT. PHASE I, 2,000 SQ. FT. PHASE II, 3,000 SQ. FT.
PHASE III, AND 6,500 SQ. FT. PHASE IV, AND A LEASE
AGREEMENT, FOR PROPERTY LOCATED AT THE
INTERSECTION OF WEST 18TH STREET AND BLACK
HAWK STREET, AND INSTRUCT THE CITY CLERK TO
PUBLISH SAID NOTICE.
BE IT RESOLVED BY THE COUNCIL OF THE CITY OF WATERLOO, IOWA, AS
FOLLOWS:
Section 1. That the Council of the City of Waterloo, Iowa shall meet in the Harold E.
Getty Council Chambers at City Hall, Waterloo, Iowa at 5:30 p.m. on the 13th day of July 2020,
for the purpose of considering and acting upon the sale and conveyance of property, generally
described as 1809 Black Hawk Street, to 5Bees, LLC, in the amount of $1.00, including a
Development Agreement with grant funds of $120,000, Minimum Assessment Agreement for
multiple phases totaling $800,000, for the development of a 3,000 sq. ft. phase I, 2,000 sq. ft.
phase II, 3,000 sq. ft. phase III, and 6,500 sq. ft. phase IV, and a lease agreement for property
located at the intersection of West 18th Street and Black Hawk Street.
Section 2. That the City Clerk is hereby directed to publish notice of the time and place
of said hearing in the Waterloo Courier.
PASSED AND ADOPTED this 29th day of June 2020.
Quentin Hart, Mayor
ATTEST:
Ke/'/ee �e/ck/e
Kelley Felchle
City Clerk